Ray dalio principles summary5/26/2023 ![]() ![]() ![]() Dalio credits Federal Reserve chairman Ben Bernanke with making good decisions to stop the worst of the crisis’s effects. ![]() According to Dalio, Bridgewater made money in 2008 despite the crisis, and policymakers began to seek his advice. One of my favourite principles is 62: ‘If you think something that most people regard as true or right, then you will probably think along similar lines. Ray Dalio believes that thinking independently is the best way to success (or in life ). Dalio had predicted the debt crisis, and he describes discussing the problem with White House staff and Tim Geithner, the president of the New York Federal Reserve. Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined and used over the past forty years to create unique results in both life and businessand which any person or organization can adopt to help achieve their goals. Think independently, don’t follow the crowd. He attributes his increased understanding of individual differences to the knowledge he gained from dealing with his son Paul’s bipolar disorder.ĭespite Bridgewater’s growth, Dalio began making plans to step back from his role in 2008, just as a major financial crisis was emerging. Dalio notes that during this period he also increased his focus on management, including developing a list of his principles and distributing it to managers, insisting on policies like “Radical Transparency,” relying on psychometric testing like the Myers-Briggs Type Indicator, and creating “baseball cards” with “stats” for employees. ![]()
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May 2023
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